1390 E Main St - Service Station FOR SALE


Barstow, CA 92311
$8,000,000 USD
949-903-8099
1390 E Main St, Barstow, CA for Sale
$8,000,000 USD
Service Station - FOR SALE
1/10
null | 6.26% Cap Rate

1390 E Main St
Barstow, CA 92311


HIGHLIGHTS

  • Brand New 15-Year Lease | Options To Extend | Scheduled Rental Increases | Strong Performing Store
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Interstate 15 | Interstate 40 | Barstow Shopping Center (97,000 SF) | Aaron’s & Family Dollar Anchored Center
  • Primary Retail Corridor | Propane Fuel Sold On-Site
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Mobil & Car Wash investment property located in Barstow, California. The tenant, Mobil recently signed a brand new 15-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The site features a Mobil Gas Station, as well as a car wash on property. This property is a strong performing store, please contact agent for details.

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$2,903 USD /SF

CAP RATE

6.26%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mobil & Car Wash | New 15yr Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

C

APN/PARCEL ID

0181-293-04

ASK ABOUT THIS PROPERTY

Jake PraterSRS National Net LeaseMore Info
949-903-8099

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Jake PraterSRS National Net LeaseMore Info
949-903-8099

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.